Sunrise Resources (LON:SRES) Shares Down 20% – Should You Sell?

Sunrise Resources plc (LON:SRESGet Free Report)’s share price fell 20% during trading on Wednesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 37,363,063 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 17,292,004 shares. The stock had previously closed at GBX 0.03.

Sunrise Resources Price Performance

The firm has a market capitalization of £1.88 million, a P/E ratio of -3.33 and a beta of 0.88. The business has a 50-day moving average of GBX 0.02 and a 200 day moving average of GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

Sunrise Resources Company Profile

(Get Free Report)

Sunrise Resources plc engages in the acquisition, exploration, and development of mineral projects in the United States and Western Australia. The company explores for gold, copper, silver, lead, zinc, precious metal, base metal, and industrial mineral projects. It mines at CS Pozzolan-Perlite project located in Nevada, the United States, as well as holds leases/option agreement in the Jackson Wash project located in Nevada, the United States. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010.

Further Reading

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